Stocks to Watch: GE, Apple, Oracle

NEW YORK -- General Electric(GE) reportedly is close to reaching a deal to buy Italian aerospace supplier Avio for about $4 billion.

The deal between GE and Avio's owner, British private-equity firm Cinven, is expected to come together this week, according to reports from The Wall Street Journal and The New York Times, which cited people with knowledge of the discussions.

Avio makes components for commercial and military jet engines as well as propulsion systems for satellite launch vehicles.

GE said Monday it expects revenue to be flat to up 5% in 2013, though CEO Jeff Immelt said worries over the so-called fiscal cliff hurt demand in the last months of 2012, Reuters reported. GE also said it expects profits to rise in 2013 but didn't specify by how much.

Apple(AAPL) was denied a request from a U.S. judge for a permanent injunction against Samsung's smartphones, Reuters reported early Tuesday.

"The phones at issue in this case contain a broad range of features, only a small fraction of which are covered by Apple's patents," wrote U.S. District Judge Lucy Koh.

"Though Apple does have some interest in retaining certain features as exclusive to Apple," Koh continued, "it does not follow that entire products must be forever banned from the market because they incorporate, among their myriad features, a few narrow protected functions."